Pursuits
BMW Targets Higher Pretax Profit as 3-Series Fuels Demand
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Bayerische Motoren Werke AG, the world’s largest maker of luxury vehicles, plans to surpass last year’s record profit in 2012 as a new generation of the 3-Series sedan boosts demand.
Pretax profit this year will probably beat 2011’s 7.38 billion euros ($9.72 billion), the Munich-based company said today. The outlook exceeds the 7.06 billion-euro average estimate of 20 analysts surveyed by Bloomberg.